Best Structured Settlement Annuity Companies

Structured Settlement Annuities Review

To find our lineup of structured settlement companies we looked at a variety of factors, including customer sentiment, company visibility and whether the company belongs to industry groups such as the National Association of Settlement Purchasers (NASP). In order to be a member of NASP, a structured settlement company must abide by a code of ethics and a consumer bill of rights as well as participating in anti-fraud initiatives. We were not able to evaluate rates and fees, since they depend so much on the specific details of each settlement. Before you sign the dotted line, check with the settlement companies you're considering to determine what the exact rates and fees are if you decide to convert all or some of your structured settlement to a lump sum payout.

Structured Settlement Annuity Companies-Our Picks
Best for Partial Cash Payouts: J.G. Wentworth


J.G Wentworth is one of the largest structured settlement buyers. (It also owns Peachtree Financial, another large and well-known brand.) If you have an annuity from a legal settlement, accident or lottery award, J.G. Wentworth can purchase a portion of your settlement. The advantage of this is that you can leverage your settlement in multiple ways, preserving future monthly payments while getting some short-term cash. You can also sell your entire settlement to J.G Wentworth.

There are many ways to sell partial payments to J.G. Wentworth. For example, you could sell a 5-year section of a 15-year settlement. Or you could sell a portion of each settlement payment, such as $100 of each $500 payment.

J.G. Wentworth also provides other financial services, including advances on settlements. If you’re involved in current litigation, you may be able to access some of your settlement before it's finalized. This isn’t a loan, but is an advance on your settlement.


Pros:

Multiple ways to sell your settlement
Cons:

Settlements can take a while to process

Best for Selling Retirement Annuities: Peachtree Financial Solutions

If you’ve purchased an annuity for your retirement or received one through an inheritance or by some other means, you can sell it to Peachtree Financial. One advantage of selling an annuity is that you don’t need to go through the court process of a structured settlement, which can be time-consuming and logistically challenging. Depending on individual circumstances, it may be possible to sell in as little as three days, though the average is 30 to 60 days. Keep in mind that Peachtree doesn’t buy pensions or other employer-sponsored plans.

In addition to retirement annuities, Peachtree also purchases lottery winnings and structured settlements. The process is similar to the retirement annuity process.